Imagine receiving dividend payments every month on top of your regular salary. The extra cash you have could easily help you pay off common household expenses. And maybe, buy yourself or your loved one a good treat.
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It’s not a surprise why Singaporeans have a strong love for dividends.
You’re probably also looking for the best dividend stocks that can pay you. Here’s a list of:
High Dividend Stocks in Singapore (2024)
| Stock Name | Ticker | Dividend Yield | P/E | 4-wk % Price Change | Price/Book Value | Price/CF | Net Profit (%) | ROE (%) |
|---|---|---|---|---|---|---|---|---|
| Karin Tech | K29 | 875.56% | 8.1 | -1.64 | 0.97 | 5.74 | 2.26 | 10.94 |
| FSL Trust | D8DU | 85.88% | 4.55 | 4.76 | 1.28 | 3.69 | 86.29 | 21.19 |
| ManulifeReit USD | BTOU | 60.9% | 21.88 | 0.81 | -218.2 | -44.17 | ||
| Jiutian Chemical | C8R | 40.38% | 1.56 | 8.33 | 0.8 | 1.4 | 9.4 | 16.75 |
| ASTI | 575 | 32.14% | 0.12 | 1.04 | -0.53 | 1.91 | ||
| Prime US ReitUSD | OXMU | 24.95% | 27.17 | 0.78 | -35.18 | -5.95 | ||
| Global Testing | AYN | 21.62% | 3.14 | 8.82 | 0.72 | 1.74 | 17.86 | 18.74 |
| Geo Energy Res | RE4 | 16.12% | 4.23 | 21.82 | 0.97 | 3.51 | 14.16 | 21.84 |
| Lippo Malls Tr | D5IU | 15.71% | 3.7 | -22.22 | 0.3 | 2.79 | 15.37 | 3.25 |
| KepPacOakReitUSD | CMOU | 15.53% | 11.21 | 23.64 | 0.84 | 11.96 | 19.83 | 3.47 |
Why you should NEVER buy dividend stocks solely based on yields
Dividends are never guaranteed. Aspiring dividend investors should be aware that dividend income is not completely future-proof.
Stock fundamentals can deteriorate and dividends can be cut anytime; what seems like a passive income dream can suddenly turn to disappointment. We had experienced this recently with the pandemic where many companies had no choice but to cut dividends.
High dividend yields may be enticing, but you must take a deeper look into the company and determine if the company can pay such high yields consistently
How to pick the best dividend stocks?
Although we cannot completely guarantee that companies will always display good fundamentals and pay steadily high dividends, we can always increase our odds by lookout for companies with a history of increasing their dividends or maintaining high dividends.
We filtered for Singapore stocks with a history of increasing or maintaining their dividend payout and managed to find these 6 dividend stocks:
3 Singapore Dividend Stocks with steady dividends over the past 10 Years!
| Dividend Stock | Dividend Yield | Dividend 10 year CAGR | Market Cap | Sector |
|---|---|---|---|---|
| Great Eastern (SGX:G07) | 4.90% | 6.05% | 8.69B | Finance |
| Haw Par (SGX:H02) | 3.63% | 5.76% | 2.13B | Healthcare |
| SGX (SGX:S68) | 3.42% | 1.66% | 10.32B | Finance |
1. Great Eastern (SGX:G07)
Great Eastern’s Dividend Growth Rate
CAGR 10 years = 6.05%
What does Great Eastern do?
Great Eastern Holdings Ltd. engages in the provision of insurance services.
It operates through the following segments:
- Life Assurance: offering different types of products, comprising life insurance, long-term health and accident insurance, annuity business written and includes the unit-linked business.
- Non-Life Insurance: issuing short term property and casualty contracts.
- Shareholders: Comprised of the Fund Management and Financial Advisory business, and Other Shareholders segments.
2. Haw Par (SGX:H02)
Haw Par’s Dividend Growth Rate
CAGR 10 years = 5.76%
What does Haw Par do?
Haw Par Corp. Ltd. is a holding company, which engages in the licensing of Tiger trademarks, and owning investments for long term holding purposes.
It operates through the following segments:
- Healthcare: manufactures and distributes topical analgesic products under the Tiger Balm and Kwan Loong brands.
- Leisure: provides family and tourist oriented leisure alternatives in the form of oceanariums.
- Property: owns and leases out several investment properties in Asia.
- Investments: engages in investing activities such as quoted and unquoted securities in the Asia region.
3. SGX (SGX:S68)
SGX’s Dividend Growth Rate
CAGR 10 years = 1.66%
What does SGX do?
Singapore Exchange Ltd. is an investment holding company, which engages in the treasury management, provision of management and administrative services to related corporations, provision of contract processing and technology connectivity services.
It operates through the following segments:
- Equities and Fixed Income: offers issuer services, securities trading and clearing, post trade services, membership, and collateral management.
- Derivatives: focuses on derivatives trading and clearing services, membership, and collateral management.
- Market Data and Connectivity: consists of market data and connectivity services.
- Corporate: includes corporate activities which are not allocated to the three operating segments.
How else to pick the best dividend stocks?
2023 was a tough year, taking out many of the dividend stocks that had been paying dividends steadily previously.
That said, there have been dividend stocks that are starting to look like great investments. We shared some of them previously:
- Dogs of the STI
- 5 top quality Singapore dividend stocks to watch
- 5 Singapore stocks that increased dividends in 2023
If you want to shortcut your way to Early Retirement, Christopher Ng shares how he does it at the next early retirement masterclass webinar. The only reason he can teach it is because he retired at 39 with a passive income of $6,000 – $8,000 per month. Discover how you can design your own early retirement in Singapore with Chris.
Hi there , I attended value investing course with big fat purse before , and I remember you have a package to what your portfolio consist of , when to buy and sell , and what stocks are in the watch list . Do you still have that deal package ?
Hi just a small question:
Is L09 a dual listed stock? It’s last quoted price was years ago….not sure how to compute the dividend based on that.
Yes, it is dual listed. The Singapore counter is very illiquid so if can get the current price would be a good deal.
Hi, may I please know whether the Dividend Yield mentioned for each of the 30 stocks are the average dividend yield over 10 years, or trailing dividend for past 12 months, or?
It is based on the last financial year’s dividends
The 2020 numbers for UOB doesn’t look right as i don’t recall UOB paying out $1.30 for 2020. Can you pls recheck it again?
Thanks for pointing out! Will amend
Thank you..for providing such info..I couldnt enrolled yr class as I already paid for other classes like 8VIC, Joey Choy-Phillip Securities & Option trdg – Daniel Loh..I will attend yr class after I made money..
A useful and informative guide for those intending to invest their extra cash!! Good…
The 2020 numbers for UOB doesn’t seem right. For the FY20, they did not pay $1.30 in dividends
Some constructive criticism: Noobs (like myself) will arrive at this page from Google, so to increase retention, you should explain the more uncommon abbreviations, such as CAGR. It would make your page much more readable.
HI I read with great interest yo ur analysis and recommendation of the various platforms of investment. Especially dividends and fixed deposit. I am a retiree who just downgraded to a HDB 3 room flat from a condo. I have never delft in stocks because of it’s volatility. Only in fixed deposit and T Bills..How would you advise what I should invest in to get a passive income. thank you
start small and see if you can handle the volatility? if so, invest more over time. Otherwise, stick to the safer fixed deposit and T Bills if you hate the volatility and effort.